In Brief
The NIM Network is rolling out a unique initiative where the community takes charge of an AI yield sale, outlining details regarding which groups can join and how the sale process will unfold.
A blockchain for gaming powered by AI, built on the Dymension framework, is in the works. NIM Network NIM Network has announced its plans for a pioneering community-driven AI yield sale, detailing the communities eligible to join and how the sale will operate. This initiative revolves around providing ownership of a specialized AI model specifically crafted for crypto-centric applications.
Participants in the sale will include those who stake NIM and hold PEPE, WLD, and USDT. Notably, NIM stakers will receive a preferential allocation. A snapshot to confirm eligibility is set to be taken this May.
This Yield Sale introduces a system where AI models can be tokenized, permitting users to stake their assets in exchange for AI tokens. This model not only mitigates risks but also ensures a steady liquidity stream. Users can withdraw their initial investments whenever they choose.
The sale will occur in two distinct phases. Initially, the goal is to create token liquidity before the token generation event (TGE). Following that, the second phase will last a year, during which tokens will be distributed to users to maintain liquidity.
The stability and market value of the AI tokens will be upheld through two strategic methods. First, deposits in stETH will generate liquidity thanks to accrued interest, which will be allocated for buybacks. Secondly, the earnings from the AI model’s usage and associated fees will also fund buybacks and support liquidity.
This framework is centered around creating a blockchain designed for AI gaming, fostering an ecosystem dedicated to the development and exploration of games merging AI with Web3. Moreover, it aspires to serve as a key funding avenue for open-source AI, facilitating a smoother onboarding of AI talent on a large scale while providing support through various partners, applications, and the community.
NIM Network This marks the initiation of the first-ever AI ownership tokenization framework, which entails building an open-source specialized AI model. Unlike general-purpose models such as GPTs or Stable Diffusions, these AI systems will be optimized for specific applications, greatly enhancing their effectiveness in the crypto industry.
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Disclaimer
In line with the Trust Project guidelines Alisa, a passionate journalist at Cryptocurrencylistings, focuses on covering the intricacies of cryptocurrency, zero-knowledge proofs, investment strategies, and the vast universe of Web3. With her keen insight into upcoming trends and technologies, she provides in-depth analyses to keep readers informed and engaged in the dynamic world of digital finance.
